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12/17/07

Forbes: Greece's Garganas urges action over high unemployment, inflation

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Greece's Garganas urges action over high unemployment, inflation

The governor of the Bank of Greece, Nicholas Garganas, called on budgetary reforms to help counteract Greece's high inflation and unemployment levels. 'Unemployment levels continue to be high, which presents serious social and economic problem,' he said in an interview with yesterday with daily Kathimerini. Inflation remains above the euro zone average and measures to stabilise prices must also be taken, he added.

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